London Stock Exchange Group 1Q Underlying Income Rose
27 April 2022 - 5:00PM
Dow Jones News
By Michael Susin
London Stock Exchange Group PLC said Wednesday that total income
for the first quarter rose on an underlying basis.
The stock-exchange and financial-information company said pro
forma total income--excluding recoveries--for the first three
months of the year was 1.62 billion pounds ($2.04 billion), up 8%
compared with last year. On a constant-currency basis and adjusting
for deferred revenue, total income rose 6.3%.
The company said performance was positive across all divisions,
driven by new business growth and strong customer retention.
LSEG said the Ukraine and Russia conflict is expected to have a
revenue impact of around GBP60 million in 2022, mainly due to the
suspension of services on trading and banking in Russia.
However, the company said 2022 financial and operational
progress has been robust and that it is on track to meet all its
targets.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
April 27, 2022 02:45 ET (06:45 GMT)
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